When to tell Inland Revenue

If you are already in business and online trading is part of your normal business operation, you don’t need to tell Inland Revenue when you start trading electronically. These sales should be accounted for as a part of your regular tax and GST reporting.

If you are starting a new business, you need to contact Inland Revenue to let them know when you start trading. They can help you stay compliant by sending you the right forms and information at the right time.

If you haven’t been paying tax

If you’ve been trading regularly online for some time and think you’ve overlooked your tax obligations, talk to a tax advisor or contact Inland Revenue immediately. You can make a voluntary disclosure to help put your tax returns right.